Stocks in Focus on November 22, 2022: AOT and CRC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 22, 2022.


FInansia Syrus Securities (FSS) has given a “BUY” recommendation on Airports of Thailand Public Company Limited (SET: AOT) with a target price at ฿85.00/share.

AOT reported 4QFY22 normalized loss of Bt1.1bn improved from the Bt2.4bn in 3QFY22. Also, it was better than FSS’ estimated loss of Bt1.4bn due to the higher-than-expected EBITDA margin and tax income. Revenue jumped by 40% Q-Q due to significantly higher domestic and international passenger volume.

FSS expected continued improvement in 1QFY23. The latest data showed that domestic and international passengers in November increased to 78% and 53% of their pre-covid level. FSS anticipated AOT to turn profitable in FY23, the first since 2019.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (SET: CRC) with a target price at ฿45.00/share.

MST stated that CRC has strong net profit momentum in 4Q22 entering into its peak season, boosted by growing SSSG and its branch expansions. Meanwhile, its profit would increase, contributed by higher sales volume from the fashion segment and efficient cost control.